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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 2,833,000 $ 7,283,000
Accounts receivable, net of allowance for doubtful accounts of $37 and $45 at December 31, 2020 and 2019, respectively 3,356,000 3,780,000
Prepaid expenses and other current assets 914,000 1,306,000
Income tax receivable 2,495,000 482,000
Total Current Assets 9,598,000 12,851,000
Property and equipment:    
Computer software 4,422,000 4,166,000
Office furniture and equipment 2,139,000 2,124,000
Laboratory equipment 15,978,000 16,195,000
Leasehold improvements 3,629,000 4,574,000
Property and equipment 26,168,000 27,059,000
Accumulated depreciation and amortization (16,937,000) (16,197,000)
Property and equipment, net 9,231,000 10,862,000
Other assets 888,000 943,000
Operating lease right-of-use assets 4,286,000 2,875,000
Total Assets 24,003,000 27,531,000
Current Liabilities:    
Accounts payable 577,000 617,000
Accrued expenses 1,801,000 3,577,000
Current portion of long-term debt 688,000 678,000
Current portion of operating lease liabilities 875,000 963,000
Total Current Liabilities 3,941,000 5,835,000
Long-term debt 3,444,000 1,951,000
Deferred tax liabilities, long-term 211,000 550,000
Long-term portion of operating lease liabilities 3,895,000 2,375,000
Total Liabilities 11,491,000 10,711,000
Commitments and Contingencies (Note 9)
Shareholders' Equity:    
Preferred stock, $0.005 par value, 873 shares authorized,no shares issued or outstanding
Common stock, $0.005 par value; 50,000 shares authorized 6,205 shares and 6,185 shares issued at December 31, 2020 and 2019, respectively, 5,537 shares outstanding and 5,517 shares outstanding at December 31, 2020 and 2019, respectively 31,000 31,000
Additional paid-in capital 32,803,000 32,249,000
Less - Treasury stock, at cost, 668 shares (10,082,000) (10,082,000)
Accumulated deficit (8,606,000) (3,754,000)
Accumulated other comprehensive loss (1,634,000) (1,624,000)
Total Shareholders' Equity 12,512,000 16,820,000
Total Liabilities and Shareholders' Equity $ 24,003,000 $ 27,531,000